SCRA Helps Companies Gain Access to New Markets
Charleston, SC –July 10, 2012 – SCRA’s Applied R&D sector, which manages national and international programs and collaborations between the federal government, private corporations and academia, today announced two new channel relationships with Upstate companies, one with Spectra Analysis and the other with Innegra Technologies, LLC. The partnerships will assist the South Carolina-based companies, both located in Greenville, in gaining access to new government and corporate markets.
Spectra Analysis Instruments, Inc., who has received investments from SC Launch, Nexus MP,LLC, UCAN and Broad Oak Fund, LLC, delivers next generation molecular analysis products. The company won the prestigious R&D100 Award for a device that quickly and efficiently identifies each compound in complex chemical mixtures. In the case of forensics drug analysis, this quick and efficient identification allows for uncompromised test results required for conviction.
Innegra Technologies, LLC, a successor to an SC Launch company, produces polypropylene fibers that are light, tough and recyclable. Innegra S™ fiber, currently used in sporting goods, composite applications and ropes, is uniquely capable of providing improved dynamic impact force resistance and weight reduction when used in conjunction with traditional blast mitigating fiber solutions, including aramids and para-aramid fibers.
“We are pleased to see the growth of South Carolina companies and are delighted to support them by introducing them to new government and corporate prospects,” said SCRA CEO Bill Mahoney. “It is our mission to advance technology and our state’s Knowledge Economy, and we look forward to the contributions these companies will bring to South Carolina.”
SCRA is an applied research corporation with over 29 years of experience delivering technology solutions with high returns on investment to federal and corporate clients. To fulfill our mission, SCRA has three sectors: Our Technology Ventures sector helps early-stage companies to commercialize innovations and create jobs, our Applied R&D sector manages over 100 national and international programs worth over $1.5 billion in contract value and our R&D Facilities sector builds and manages research facilities that include wet labs, secure rooms for sensitive work and advanced high-tech manufacturing shops. Multiple economic impact studies show SCRA’s cumulative impact on South Carolina’s economy to be over $14 billion and has helped create approximately 15,000 technology-related jobs in the state, with wages averaging between $55,000 and $77,000.